The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-08-06
COMMERCIAL.
SAVANNAH MARKET.
WEEKLY REPORT.
OFFICE OF THE MORNING NEWS. !
SAVANNAH GA Aur X 1897

OFFICE OF THE MORNING NEWS.
SAVANNAH, GA, Aug 8, 1887.
GENERAL REMARKs-During the past week the
,roneral market was extremely dull. The recent
evcessive rains seems to have effected buyer
and seller alike, and there has been little or no
1isposition shown to trade in large quantities.
BESIDES, if there had been any unusual demand
business would have been retarded very much
nv the freshets and the stoppage of
trains going into the interior. Pretty nearly
avery stream in the State has been more or less
swollen, causing almost a cessation of business
and blocking up freight depots with accumula-
tion of freight during the first four days Of the
week but for this the early orders promised to
develop into greater volume than
has been for some time past The rail
roads, however, are getting into better shape
and are running regular schedules, and proba-
bly future developments will show less damage
than was at first anticipated. In groceries there
was good demand but shipping was somewhat
retarded. In dry goods there was some slack
ing up in the demand. Some interior buyers
were cancelling orders, while others are
held in allegiance until something definite is
ascertained as to the conditions Of crops since
the recent rains and freshets. All other de-
nartments are in about the same condition
as previously noted. There were but few price
changes of Importance. Collections continue
very slow. The money market is quite active
and there seems to be ample for all require
ments. The prospects, however, promise q
scarcity of money in the fall The security
market is very dull and inactive. For the con-
dtions and latest closing quotations of the diff
fercnt markets the following review will show:
NAVAL SToREs-The market for spirits tur-
pentine was very firm, with prices steadily ad-
vancing, closing to-day fully 1876. higher than q
week ago There was a good, steady demand,
which was freely met, and fully 4 1000 casks were
disposed of during the week. Rosn-The mar
ket for the lower grades was somewhat easier,
but the better grades were frmer
and higher while holders were
asking much higher than the current quotations.
There vas just enough inquiry during the week
to prevent the stock from accommodating.
The total sales for the week were fully / l 900
barrels. In another column will be found a
weekly comparative statement of receipts and
exports from the beginning of the season
TO date, and for the same time last year
showing the stocks on hand and on shipboard not
cleared, together with the official closing spot
quotations.
RIcE-The market was rather unsettled dur
ing the past week. There was an active demand
and plenty of orders, but there was a very
small stock in first hands, which is mostly held
for future developments and the uncertainty
oocasoned by reports Of considerable damage
to the growing crop, so that the bulk of the
business accomplished was confined principally
to second hands, and such sales cannot be
counted in the aggregate twice. We quote:
Fair. $50 AZ
Good ......................... 42SGl ~
HrlDle .......s. .....'.. .............. 5000
Rough
Country lots. ........................6 coo. 90
Tue wafer. OBSERVATION-DISCLOSURES. .UG9l 10
CoTToN-The market has been very dull and
more or less nominal. There were no receipts
during the week to speak of and not a single
transaction occurred. Prices, however, were
very weak and steadily declined until
at the close to-day they were fully
15c. lower all around than a week
ago. There is some anxiety expressed
to the extent of damage, if any, to the growing
crop occasi ned by the heavy rains and floods
in the interior The following are the official
spot quotations of the Cotton Exchange:
Midding fair Observation-Disclosures. go
Good middling ............. ............ 80
4ldunllS -. '''''''.'.,' .'.'''..'.'.' ~
Low mlddiing .,..--.....-..,... .
Good ordinary ACKNOWLEDGEMENTS. SIS
Seq IsIdnd-There was an absence of demand
during the we *, and nothing was doing. The
market was entirely nominal, and not a single
bag was received during the week The exports
were lO6 bags leaving the unsold stock at 454
bags. In the absence of business our quota
ions are merely nominal
Common Georgias and Floridas. IA 6l15le
hteululn. ..--...-.. ..'...--..... .1Ot20GlI
Good medium. ACKNOWLEDGEMENTS. l719GG1o
Medium fine .......................1S 1870
Fine. ................. $4,000
Extra fine. ................. 90 20121
Cholce. ......-.......... ..-.......S2 20
The receipts of cotton at this port from all
sources the past week were bales of up
land, against 315 bales of upland and bale sea
island last year.
The particulars of the receipts have been as
follows: Per Savannah, Florida and Western
Railway Company bales upland; per Savan-
nah river steamers, l bale sea island.
The exports for the week were 234 bales of up
land and 1903 bales of sea island, moving as fol
lows: TO Baltimore. 1903 bales sea island; to Bos-
ton. 6S bales upland; to Philadelphia, 2baleS up
land; TO the interior, 1874 bales upland.
The stock on hand to-day was 542 bales up
land and 4J4 bales sea island against ,644
baesof upland and 1929 bales sea island last
year,
- 2Szzg It'll 8